Opower Technical Analysis (NYSE:OPWR)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Opower stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the OPWR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Opower. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Opower stock analysis.
Opower Moving Average
Moving averages show the average price of OPWR stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $10.28 is below the last closing price of $10.29 and the 50 day moving average of $9.15 is below the last closing price of $10.29. The 10 and 20 day periods can predict short term moving average trends.
Opower Bollinger Bands
Bollinger bands comprise of a center line usually OPWR SMA, and two OPWR stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Opower bollinger bands.
Opower Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Opower MACD line is below the signal line.
Opower Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of OPWR stock is 60.